Mark Carney, the governor of the Bank of England, said on Friday that the British financial system was stable and "resilient." The pound's sharp decline is also having immediate ripple effects the globe, from the United States to China to Japan. He also said that the U.K. central bank could make foreign currency available to British financial institutions. The pound fell 10 percent percent on Friday in its largest decline in record, to its lowest point in 31 years. ROB STOTHARD/AFP/Getty ImagesWhile financial overall markets remained fairly calm Monday after last week's plunge, the sharp decline of the British pound deepened, in what is the biggest and most immediate impact of Britain's vote to leave the European Union.
Source: Washington Post June 27, 2016 10:48 UTC